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Code No. 277-Amendment No. I
Registry No. 1111---04
NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
GRAY IRON FOUNDRY
AS APPROVED ON JUNE 21, 1934
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Approved Code No. 277--Amendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
GRAY IRON FOUNDRY INDUSTRY
As Approved on June 21, 1934
MODIFICATION OF CODE O)F FAIR COMPETITION FOR TH~E GRAY IRON
An application having been duly made pursuant to and in full
compliance with the provisions of T~itle I[ of t~he National Industrial
Recovery Act., approved June 16, 1933, for approval of an amend-
ment to a Code of Fair Comnpetition 'for t.he G~ray Iron ]Foundry
Industry, and hearings having been duly held thereon and the an
nexed report on said amendment., containing findings wTith respect
thereto, having been made and directed to the Presid~ent:
NOW, THEREFORE, on behalf of the President of the United
States, I, Hugh S. Johnson, Administr~ator for Industrial Recovery,
pursuant t~o author~ity vested in mne by Executive Ordlers of the Presi-
dent, including Executive Order No. 6543--A, dated December 301,
1933, and otherwise, do hereby incorporate, byg reference, said an-
nexed report and do find that said amendment and the Code as con-
stituted after being amended comply in all respects with the perti-
nent provisions and will promote the policy and purposes of said
Title of said Act, and do hereby order that said amendment be and
it is hereby approved, and that the previous approval of said Code
is hereby modified to include an approval of said Code in its entirety
HowH S. JoHNSON,
A4d'minisPtrartor forl Indusztriarl Recolery.
Approval recommended :
BAnowN W. MIURRAY,
Acting Div~ision. Administrator.
June 91, 1939.
693418"---657i-1 29-34 1
REPORT TO` THIE PRESIDENT
The White Ho~use.
SIn: This is a report on the amendments, to thle Code of Fair C~om-
petitioni for the Gray Iron Foundry Industry and the hearing con-
ducted thereon in Was~ington, nla~y 31, 1934. Th~e amendment,
which is attachedd, was presented by the Code Author~ity.
The Code of Fair Competition for the? Grayn Iron F;oundry Indus-
try provides in Article V that "L Such of the provisions of this Codle
as are not required to be included therein by thle A5ct mlay, w7ith the
approval of the President, be modified, amnend~ed, or eliminated as
changes in cir~cumnstances or experience may indicate. It. is contem-
plated that from time to timeit, and with the approval of a majority
of the Code Authority, amendments and sup~plemerntary provisions
to th~is Code or additional Codes may be sulbmitted~ for thle approval
of t~he President to prevent; unfair competition in price and other
unfair and destructive comlpetitive practices andl to effectuate the
other 'purposes aind policies of Title I. of thle Act. Pursuant to sub-
section (b) of Siection 10 of Title I of thle Act, the Pr~esident may
fromn time to time cancel or mlodify any ord~er, appIroval, license, rule
or regulation issued under said Title.'"
Thi amndmnt rovidles that Sectio~n 4l of Ar~ticle III be deleted
andl the, insertion o eti rvsost aiiaetecleto
fromr each member of the `IndustryS of his orI its eq~uitable contribu-
tion of the expenses of thne miai ntena nce of the (codle A~ut~horit~y subject
to suich rulesa and regulaition s per1tui~ningr the~reto issued by the
The Deputy AdministlRator in his final report to me on said amend-
ment to said Code haivingr found as hlerein set, forth and on the basis
of all1 the proceedings in this :matter:
I find that:
(a) The amendment to said Code andl th~e Codle as amended are
well designed to promote the policies andl pur~poses of Title I of the
National Industrianl nRcovery A~ct includ~inga the removal of obstrue-
tions to the free flow of interstate andl for~ein commerce which tend
to diminish. thle amount thereof, and will pr'ov'ide for t~he general
welfare by plro)moting the organization of inidustry for the purpose
of cooperative nation among trade: groups, by inducingi andi mamn-
taining unlitedl action, of labor and managremnent under adequate
governmental sanction and supervision. by elimlinating unfair com-
petitive practices, by promoting the fullest p~ossib~le utilization of the
present productive capacity of industries, by avoiding undue restric-
tion of pr~oductio-n exceptt as may be tempo~ralrily requiredd, by
increasing the consumption of indlustrial andl agricultural products
through increani~ng puirchasing* power, by reducing and relieving
Employment, by improving standards of labor, and by otherwise
(b) The Ciode as amended complies in all respects writh the' perti-
nent provisions of said Title of said Act, including without limita-
tion Subsection (a) of Section 3, Subsectioin (a) of Section 7 and
Subsection (b) of Section 10 thereof.
(c) The Code empowr~s th~e C'odei Autho-rity to present the afore-
said amendment on behalf of the Indulstryv as a whole.
(d) The amendment and t~he Code as am~endedl are not designed to
and will not permit monopolies or monopolistic practices.
(e) The amiendmient andi the Code as amended are not d~esigned to
and wJill not eliminate or op~press small enterprises andl will not
operate to discriminate against them.
(f) Those engagedl in other steps of the economiic process have
not been deprived of the right to be heard prior to approval of
For these reasons, therefore, I: have approved thiis amendment.
HUGH S. Joakson~,
JUNhE 21, 1934.
AMlEND1MENT TO CODE OF" FAI COMPETITION FOR
THIE GRAY IRON FOUNDRY INDUSTRY
In accordance with Article V of the Codle of Fair Compet~ition
for the Gray Iron Foundry Industry, it is proposed to amend said
Code by deleting Section 14 of Article III and inserting the following
provisions in lieu thereof :
Seenw 4 A).It bingfounld necessary in order to support the
dmnstration of ()thi oei and to maintain the standards of fair
competition established hereunder and to effectuate the policy of the
Act, the Code Aulthorityv is authorized:
(1) To incur such r~easonable obligations as are necessary and
proper for the foregomg purposes and to meet such obligations out
of funds which may be raisedl as hereinafter provided and which
shall be held in trust for the purposes of the Code;
(2) To submit to the Administrator for his approval, subject to
()such notice and opportunity to be heard as h~e may deem neces-
sary an itemized budget of its estimated expenses for the foregoing
purposes~', and (b) an equitable basis upon which the funds necessary
to support such budget shall be contributed by members of the
(3) After such budg~et~ and basis of contribution have been ap-
proved by the .Admninistrator, to determine andl obtain equitable
conltribution as above set forth by all members of the indlustryv, and
to that end, if necessary, to institute legal pr~oceediings therefore inl
its own. name.
(B3) Each member of thle industry shall be liable for his or its
equ~itable contribution to the expenses of the maintenance of the
Code Aulthority, dletermninedl as hereinahocve provided and subject to
rules and regullations pertaining thnereto issued by th~e Admrinistr~ator.
~Failure on the p-ar~t of a member of the I~ndustry to make, such
contribution shall be a violation of this Code. Only members of
the industry compl~yingf with the Code and contributing to t.he
exp-enes of its administration as here~inabove provided, shall be
entitled to partic~ipate in. the selection of memlberss of the Code Au-
thority or to receive the benefit of any of its voluntary activities or
to make use of any emlblemn or insignia otf the National Recovery
Admni n ist rnt ion.
(C) The Code Authority shall neither incur nor pay any obliga-
tion in excess of the amount ther~eof as estimated in its approved
budget, except upon. approval of the Administrator first obtained;
and no subsequent budgt shall contain anyr deficiency item for
expenditures in excess of prior budget estimates except those which
the Administrator shall have so approved.
Approved Code No. 277---Amenmenet No. 1.
Registry No. 1111-04.
UNIVERSITY OF FLORIDA
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